Please Show excel cell formulas on the side! Thanks so much.

File Home Insert Draw Design Layout References Mailings Review View Help Share Comments De Copy Times New Fior-12 A A Aa A 211 BIU*, **ADA Find Replace Sulut AaB Col. AaBb C AaBbCcl AaBbCcl AaBbcel Aabbcc AaBbc AaBbCcl Emphasis Heading 1 Headings Normal Strong Subtitle Title 1 No Spac Paste Dictate Format Painter Clipboard Font Paragraph Styles Voice Accty 322 Assignment, Winter 2021 Requirement: Complete the various budget schedules below using Excel. Part 1: Each student must upload their completed schedules in Excel the BB link. Part 2: Separate from Part 1, answer the questions on the budget quiz. This quiz is also found on BB. In Excel make sure to use formulas wherever possible. Avoid "hard coding because I will test the flexibility of your spread sheet by changing certain cells such as sales. Budget Details: The Distribution Center of 123 Oil and Gas Company wants a master budget for the next three months, beginning January 1st. Il desires an ending minimum cash balance of $4,000 each month. Sales are forecasted at an average selling price transfer price of S4 per widget. In January, the Distribution Centre is beginning just-in-time deliveries from suppliers, which means that purchases equal expected sales. The December 31 inventory balance will be drawn down to $5,000, which will be the desired ending inventory thereafter. Purchase price per widget is $2. Purchases during any given month are paid in full churing the following month. All sales are on credit, payable within thirty days, but experience has shown that 60 percent of current sales are collected in the current month, 30 percent in the next month, and 10 percent in the month thereafter. Bad debts are negligible. The Distribution Centre sells to related sister corporations as well us outside/external sales. The following are some of the expenses for the Distribution Centre: Wages and salaries Insurance expired Depreciation Miscellaneous Rent $12.000.month 100/month 200/month 2,000/month 200/month + 10% of quarterly sales over $10,000 Cash dividends of $1,000 are to be paid quarterly, beginning January 15, and are declared on the fifteenth of the previous month. All operating expenses are paid as incurred, except insurance, deprxciation, and rent. Renl of $200 is paid at the beginning of each month and the additional 10 percent of sales is paid quarterly on the tenth of the month following the quarter. The next selilement is due January 10. The company plans to buy some new office fixtures for S2,000 cash in March. To the distribution company this will be considered a capital purchase. Home Insert Draw Design Layout References Mailings Review View Help Share Com X Cut X LEcopy Format Painter Clipboard Times New Rom: 12 A A A A A A Aa A 21 BIU*XX? ADA 9 ice .. bcci Emphasis Heading 1 Houding 5 1 Normal Strong Subtitle Title "No Spac. Find Replace Select Editing Dictate Font Paragraph Styles Voice Money can be borrowed and repaid in multiples of $500, at an interest rate of 12 percent per annum. Management wants to minimize borrowing and repay rapidly. Interest is computed and paid when the principal is repaid. Assume that borrowing takes place at the beginning, and repayment at the end of the months in question. Money is never borrowed at the beginning and repaid at the end of the same month. Compute interest to the nearest dollar. ASSETS AS OF DECEMBER 31, Cash Accounts receivable Inventory Prepaid insurance Fixed assets, net $4,000 16,000 31,250 1,200 10.000 S62.450 LIABILITIES AS OF DECEMBER 31, Accounts payable (merchandise) Dividends payable Rent payable $28.750 1.000 6,000 $35.750 "November 30 inventory balance - $12,500 Recent and forecasted sales: October $30,000 December November $20,000 January $20,000 February $60,000 $50,000 March $ $30,000 April $36,000 Required Prepare a master budget for the following schedules identified below. Use Excel and incorporate a formula based spread sheet whenever possible. I will be altering the sales figures in your submitted Excel spread sheet to test your formulas. File Home Insert Draw Design Layout References Mailings Review View Help Table Design Layout Share O cor : REALI X Cut [Copy Format Painter Clipboard Surial - 12 AA Aa A BIUXXADA AaBbcc AaBb AaBbCcl AaBbCcl AaBbceAalbcc AaBbc AaBbCcl Emphasis Heading 1 Heading 5 1 Normal Strong Subtitle No Spac... Find Replace Salact Paste Dictate Font Paragraph Styles Editing Voice Work Sheet Template Statement of Cash Receipts and Disbursements (Cash Budget) + Cash Collections Schedule January February March Cash Balance Beginning January February March Plus Cash Collections 60% of current months sale -Cash Available Refore Financing 30% of previous months sale T.ess Cash Disbursements: 10% of second provious months sale Total collections l'urchases Reni Wage and Sninries Purchase Budget Miscellaneous Expenses December January February March Dividends Desired Ending Inventory Purchase of Fixtures Cost of Goods Sold Total Disbursements Total Neetle! Plus Minimum Cash Desired Beginning lavcutory Total Casa Nooded Purchases Excess (Deliciency) Financing Borrowing at the beginning of period Repayment, at the cad of period Interest at 12% per annunt Casl Balance end File Home Insret Draw Design Layout References Mailings Review View Help Table Design Layout Comments X Cut Arial - 12 A A A AFL BIUX, X ADA o DECopy Share Find U c Replace Select Dictate AaBc. AaBbc AaBbcl AaBbci AaBICe) Albcc AaBb C AaBbCcl Emphasis Heading 1 Heading Normal Strong Subtitle Title No Spac- Paste Format Painter Clipboard Font Paragraph 5 Styles Editing Voice Income Statement for the 3 months cuding March 31 Balance Sheet as of March 31: Sales Assets Less Cost of Goods Sold Current Assets Ciness Profit Less Operating Expeuses Accounts Receivable | Inventory Prepaid Fixed Assets 1 Totnl Assets ? Liabilities: Net Income from Operations Account Payable Interest Expense Real Payable Net Income Dividend Payable Shureholders' Equity Retained Darnings and Share Capital File Home Insert Draw Design Layout References Mailings Review View Help Share Comments De Copy Times New Fior-12 A A Aa A 211 BIU*, **ADA Find Replace Sulut AaB Col. AaBb C AaBbCcl AaBbCcl AaBbcel Aabbcc AaBbc AaBbCcl Emphasis Heading 1 Headings Normal Strong Subtitle Title 1 No Spac Paste Dictate Format Painter Clipboard Font Paragraph Styles Voice Accty 322 Assignment, Winter 2021 Requirement: Complete the various budget schedules below using Excel. Part 1: Each student must upload their completed schedules in Excel the BB link. Part 2: Separate from Part 1, answer the questions on the budget quiz. This quiz is also found on BB. In Excel make sure to use formulas wherever possible. Avoid "hard coding because I will test the flexibility of your spread sheet by changing certain cells such as sales. Budget Details: The Distribution Center of 123 Oil and Gas Company wants a master budget for the next three months, beginning January 1st. Il desires an ending minimum cash balance of $4,000 each month. Sales are forecasted at an average selling price transfer price of S4 per widget. In January, the Distribution Centre is beginning just-in-time deliveries from suppliers, which means that purchases equal expected sales. The December 31 inventory balance will be drawn down to $5,000, which will be the desired ending inventory thereafter. Purchase price per widget is $2. Purchases during any given month are paid in full churing the following month. All sales are on credit, payable within thirty days, but experience has shown that 60 percent of current sales are collected in the current month, 30 percent in the next month, and 10 percent in the month thereafter. Bad debts are negligible. The Distribution Centre sells to related sister corporations as well us outside/external sales. The following are some of the expenses for the Distribution Centre: Wages and salaries Insurance expired Depreciation Miscellaneous Rent $12.000.month 100/month 200/month 2,000/month 200/month + 10% of quarterly sales over $10,000 Cash dividends of $1,000 are to be paid quarterly, beginning January 15, and are declared on the fifteenth of the previous month. All operating expenses are paid as incurred, except insurance, deprxciation, and rent. Renl of $200 is paid at the beginning of each month and the additional 10 percent of sales is paid quarterly on the tenth of the month following the quarter. The next selilement is due January 10. The company plans to buy some new office fixtures for S2,000 cash in March. To the distribution company this will be considered a capital purchase. Home Insert Draw Design Layout References Mailings Review View Help Share Com X Cut X LEcopy Format Painter Clipboard Times New Rom: 12 A A A A A A Aa A 21 BIU*XX? ADA 9 ice .. bcci Emphasis Heading 1 Houding 5 1 Normal Strong Subtitle Title "No Spac. Find Replace Select Editing Dictate Font Paragraph Styles Voice Money can be borrowed and repaid in multiples of $500, at an interest rate of 12 percent per annum. Management wants to minimize borrowing and repay rapidly. Interest is computed and paid when the principal is repaid. Assume that borrowing takes place at the beginning, and repayment at the end of the months in question. Money is never borrowed at the beginning and repaid at the end of the same month. Compute interest to the nearest dollar. ASSETS AS OF DECEMBER 31, Cash Accounts receivable Inventory Prepaid insurance Fixed assets, net $4,000 16,000 31,250 1,200 10.000 S62.450 LIABILITIES AS OF DECEMBER 31, Accounts payable (merchandise) Dividends payable Rent payable $28.750 1.000 6,000 $35.750 "November 30 inventory balance - $12,500 Recent and forecasted sales: October $30,000 December November $20,000 January $20,000 February $60,000 $50,000 March $ $30,000 April $36,000 Required Prepare a master budget for the following schedules identified below. Use Excel and incorporate a formula based spread sheet whenever possible. I will be altering the sales figures in your submitted Excel spread sheet to test your formulas. File Home Insert Draw Design Layout References Mailings Review View Help Table Design Layout Share O cor : REALI X Cut [Copy Format Painter Clipboard Surial - 12 AA Aa A BIUXXADA AaBbcc AaBb AaBbCcl AaBbCcl AaBbceAalbcc AaBbc AaBbCcl Emphasis Heading 1 Heading 5 1 Normal Strong Subtitle No Spac... Find Replace Salact Paste Dictate Font Paragraph Styles Editing Voice Work Sheet Template Statement of Cash Receipts and Disbursements (Cash Budget) + Cash Collections Schedule January February March Cash Balance Beginning January February March Plus Cash Collections 60% of current months sale -Cash Available Refore Financing 30% of previous months sale T.ess Cash Disbursements: 10% of second provious months sale Total collections l'urchases Reni Wage and Sninries Purchase Budget Miscellaneous Expenses December January February March Dividends Desired Ending Inventory Purchase of Fixtures Cost of Goods Sold Total Disbursements Total Neetle! Plus Minimum Cash Desired Beginning lavcutory Total Casa Nooded Purchases Excess (Deliciency) Financing Borrowing at the beginning of period Repayment, at the cad of period Interest at 12% per annunt Casl Balance end File Home Insret Draw Design Layout References Mailings Review View Help Table Design Layout Comments X Cut Arial - 12 A A A AFL BIUX, X ADA o DECopy Share Find U c Replace Select Dictate AaBc. AaBbc AaBbcl AaBbci AaBICe) Albcc AaBb C AaBbCcl Emphasis Heading 1 Heading Normal Strong Subtitle Title No Spac- Paste Format Painter Clipboard Font Paragraph 5 Styles Editing Voice Income Statement for the 3 months cuding March 31 Balance Sheet as of March 31: Sales Assets Less Cost of Goods Sold Current Assets Ciness Profit Less Operating Expeuses Accounts Receivable | Inventory Prepaid Fixed Assets 1 Totnl Assets ? Liabilities: Net Income from Operations Account Payable Interest Expense Real Payable Net Income Dividend Payable Shureholders' Equity Retained Darnings and Share Capital